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eduard
1 year ago
7

Firms such as IKEA and The Home Depot are known for their use of __________ because they set reasonably low prices but still off

er high-quality products and adequate customer services. Select one: a. prestige pricing b. value-based pricing c. market equity pricing d. relational pricing e. skimming pricing
Business
2 answers:
Maslowich1 year ago
7 0

Answer:

b. value-based pricing

Explanation:

Value based pricing is a pricing strategy to set price of products based on value perceived by the purchaser. To have increased profit margin, business deduces the number of benefit the product provides to consumer. Then it establishes price which takes consideration of manufacturing cost, competitive price and consumer's willingness to pay price for the goods.

In the question  mentioned IKEA not only provide functional benefit for the product but also quality, design, and services at low prices hence it is an instance of value based pricing.

Nadya [2.5K]1 year ago
3 0

Answer: (B) Value-based pricing    

Explanation:

 The value-based pricing is one of the type of business strategy where the various types of companies and organization are promoting the products and the services on the basis of price and the values.

The main objective of the value based pricing is that it helps in setting the specific  price of the products on the basis of the customer perceived value and this type of strategy basically focuses on the customer where the companies offering various types of exclusive offers.

 According to the question, the IKEA and the home depot is one of the type of companies that basically offering the various types of value based pricing strategy. Therefore, Option (B) is correct answer.      

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Answer:

$69020

Explanation:

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Incremental selling price =54*(1-0.16)=45.36

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Direct labor = 6*7000 =              (42000)

Variable manufacturing =           (21000)     (3*7000)

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Total contribution =                      83020

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Incremental profit                        69,020          

5 0
2 years ago
This pricing tactic works because although we can remember the exact price right when we see the price, after a few weeks we for
PilotLPTM [1.2K]

Answer: A. the 99 principle

Explanation:

This strategy, often called "charm pricing," involves using pricing that ends in "9" and "99."

With charm pricing, the left digit is reduced from a round number by one cent. We come across this technique every time we make purchases but don’t pay attention. For example, your brain processes $3.00 and $2.99 as different values: To your brain $2.99 is $2.00, which is cheaper than $3.00.

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4 0
2 years ago
Sony has a better opportunity to reach the potential Millennial market segment, compared to unestablished manufacturers, because
8090 [49]

Answer:

full spectrum of product offerings

Explanation:

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8 0
1 year ago
Henry is demonstrating his gross motor skills when he picks up cheerios from his high-chair tray.
mafiozo [28]
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8 0
1 year ago
Is the futures price of a stock index greater than or less than the expected future value of the index? Explain your answer.
stepan [7]

Answer:

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